Dr. Richard Vedder is Distinguished Professor of Economics at Ohio University in Athens, Ohio. He has written extensively on labor issues, authoring such books as The American Economy in Historical Perspective and, with Lowell Gallaway, Out of Work: Unemployment and Government in Twentieth-Century America.

Vedder has written over 100 scholarly papers published in academic journals and books, and his work has also appeared in numerous newspapers and magazines including the Wall Street Journal, Washington Post, Investor's Business Daily, Christian Science Monitor, and USA Today.

Vedder has been an economist with the Joint Economic Committee of Congress, with which he maintains a consulting relationship. He has served as the John M. Olin Visiting Professor of Labor Economics and Public Policy at the Center for the Study of American Business at Washington University in St. Louis and has taught or lectured at many other universities.

By Dr. Richard Vedder

Michigan and the Higher Education Bubble

Michigan's Higher Ed Bubble

The Higher Ed Bubble: Finding Financial Sanity on Campus

Join Dr. Vedder for insights on this issue and hear his ideas to solve the high cost of a college education … more

Michigan Higher Education: Facts and Fiction

The observed shrinkage in state appropriations over the first half of the decade was actually a positive development: one that dampened, albeit modestly, the real relative economic decline of the state. Moreover, it calls into question a growth strategy based on expansion of higher education. Indeed, other results included in the econometric estimation suggest that a better growth strategy would be to put the entire Michigan state government on a diet in order to finance a reduction in the overall tax burden. While higher education expenditures are not growth-inducing, the evidence shows that tax reductions are.
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Higher Education and Economic Development

Universities and Economic Development

Tuition hikes at Michigan universities demonstrate need for reform

Tuition Hikes at Michigan Universities Demonstrate Need for Reform

Private for-profit schools like the University of Phoenix operate at dramatically lower cost per course, offering a product well-liked by students (enrollments are growing 20 percent annually), taught in comfortable but not opulent surroundings. … more

Going Broke by Degree

I have looked carefully at the relationship between economic growth and state spending on universities. I found a strong negative relationship — higher state spending equals lower rates of economic growth. … more

Michigan's Prevailing Wage Law and Its Effects on Government Spending and Construction Employment

Michigan's Prevailing Wage Act of 1965 requires contractors to pay artificially high union wages on all state-financed projects from road repair to school construction. This study examined the performance of Michigan's economy for two 30-month periods prior to and during the law's suspension by a federal district court and found that taxpayers could save hundreds of millions of dollars annually if the law were permanently repealed. The study also reveals prevailing wage laws' negative effect on job creation in the construction industry and their discriminatory impact on black and other minority workers. 21 pages. … more